Divisional Compliance Officer

OCBC Bank

  • Malaysia
  • Permanent
  • Full-time
  • 1 month ago
WHO WE ARE:As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.Your Opportunity Starts Here.Excited to grow your careers?We value our talented employees, and whenever possible, strive to help one of our associates grow professionally before recruiting new talent for our open positions.If you think the open position you see is right for you, we encourage you to apply!Our people make all the difference in our success.Job Description:Compliance
  • Assist Regulatory Compliance Officers in disseminating regulatory updates and correspondences, where applicable, within your division.
  • Assist Regulatory Compliance Officers in promoting regulatory awareness and to identify training needs within your division.
  • Notify and update Regulatory Compliance Officers of any new setup or changes in the business structure or activities impacting the regulatory compliance matrix.
  • Work with Regulatory Compliance Officers in documenting and implementing regulatory compliance procedures.
  • Update Regulatory Compliance Officer of any audit observations or comment sheets (e.g. by Group Audit, external auditors, regulatory authorities etc.), including closure of the same, on regulatory compliance matters on a timely basis.
  • Report all incidents of breach identified from your (1) Business Unit; (2) internal audit; (3) external audit; and (4) regulatory inspections, to the designated Regulatory Compliance Officer as and when they occur. Notwithstanding the above, significant or serious regulatory breaches are to be reported immediately.
  • Coordinate the submission of Regulatory Breach Reports and promptly notify the designated Regulatory Compliance Officer on closure of, if any, remedial actions.
  • Assist Regulatory Compliance Officer in co-ordinating and obtain the Annual Compliance Certification sign-off by your Division Executive.
  • Coordinate the submission of periodic Business Unit-Generic Questionnaires as part of Compliance Risk Assessment.
  • Attend the quarterly Divisional Compliance Officers Regulatory Awareness Meetings.
  • Maintain an effective communication channel between your division and Regulatory Compliance Unit.
  • Provide support to Business Units from time to time including ABC risk assessment, ESPV, Enhanced Due Diligence, appropriateness and other internal and external requirements.
  • Monitor and track regulatory compliance and breaches.
Requirements:
  • Candidate must possess at least a Diploma or Advanced/ Higher/ Graduate Diploma in any field.
  • Experience/ knowledge of banking is advantageous in the following areas: operations, processes, risk, regulations, compliance etc.
  • Minimum 2 years of banking experience.
  • Good communication and interpersonal skills.
  • Able to work independently with minimal supervision, as well as in a team.
  • Mature, meticulous, organized and takes initiative, drive, ability to work independently and in a team.
  • Proficient in Microsoft Office applications especially in Word, Excel and PowerPoint.
What we offer:Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

OCBC Bank